About > History & Milestones

History & Milestones

  • 2014: Savanna builds first Velox™ AC Triple Drilling Rig

    January – Build initiated for Ultra Heavy Telescopic AC Double Drilling Rig under long-term contract in Canada.

    Three flushby units contracted for Australian workover fleet.

    August – All three Velox™ AC Triple Drilling Rigs are in production, each with long-term contracts months prior to their completion date.

    October – Four new Top Drive Single (TDS) rigs announced for Australia under multi-year take-or-pay contracts.

    November – First Velox™ AC Triple commissioned in Houston, beings first well in Permian Basin.

  • 2013: Fort McKay First Nation and Savanna form partnership, provide energy services to oil sands

    June – One hybrid drilling rig and one workover rig added to Australia’s fleet, on contract, bringing total to 10 rigs.

    August – Another workover rig announced for Australia on contract.

    Fort McKay First Nation and Savanna Energy Services Corp. form partnership.

    November – Three workover rigs announced for Australia on long-term contracts.

    Triple drilling rig program initiated.

    North Dakota move planned for up to six Canadian well servicing rigs.

    Land purchased for centralized field operations facility in Leduc, AB.

    December – Fort McKay Savanna Energy Services Limited Partnership acquires initial equipment, places in Caribou Energy Park location.

  • 2012: Savanna completes TDS conversion program

    February – Two more CT1500 rigs land in Australia, specially adapted to meet country regulations.

    Five more TDS-3000™ rigs to be converted bringing the total to fifteen.

    Savanna Training delivers first Green Hand Training Course for Savanna Well Servicing.

    March – Savanna reinstates dividend for shareholders.

    Savanna Drilling Integration fully completed, combining hybrid and conventional divisions into one operating unit.

    November – Savanna’s wholly-owned subsidiary, D&D Oilfield Rentals Corp. acquires all of the assets of a private Canadian oilfield service company which includes over 200 pieces of rental equipment.

    December – TDS-3000™ retrofit program completed and four new drilling rig designs to be built in 2013.

    Savanna Training beings running Green Hand Training Course for Savanna Drilling.

  • 2011: Two AC doubles built with walking technology

    January – Savanna begins the conversion of several hybrid CT1500 rigs to the TDS-3000 long-reach horizontal configuration.

    March – Savanna celebrates its 10th anniversary.

    June – Savanna acquires Performance Well Servicing.

    July – Savanna acquires Silverstar Well Servicing.

    August – Added two new long-reach horizontal double drilling rigs with walking technology to our US fleet (Rigs 654E and 655E).

    Savanna Training develops and begins running Motorhand Training Course.

    October – Hybrid and conventional divisions begin collaborations to integrate and create a single operations entity for Savanna Drilling.

  • 2010: Two workover rigs land in Australia

    May – Savanna completes Vision and Values with 33 participating managers and prepares to present to the rest of employee base.

    September – Remaining two drilling units removed from Mexico.

    October – In advance of its 10th Anniversary, Savanna launches a new logo and set of graphic standards. The new globe logo signifies Savanna’s entrance into international markets.

    November – Launch of revised Aboriginal Training Program and Immigrant Training Program, run in partnership with the Calgary Catholic Immigration Society as the first privately funded initiative of its kind in Canada.

  • 2009: Savanna combines Lakota Drilling, Trailblazer Drilling, and Akuna Drilling into Savanna Drilling

    May – Savanna elects new Board of Directors.

    June – Savanna closes $126.8 million bought deal financing.

    June – Savanna enters Mexico drilling market.

    November – Former Savanna board member Victor Buffalo receives the Order of Canada.

    December – Savanna announces entrance into Australian market.

  • 2008: US headquarters opens in Houston, Texas

    January – Cold Lake First Nation adds a service rig to existing partnership.

    February – Western Lakota achieves Gold Level status in the Progressive Aboriginal Business (PAR) program presented by the Canadian Council for Aboriginal Business—the first oilfield services entity to do so.

    April – US headquarters opens in Houston, TX.

    May – Well servicing office opens in Dickinson, ND.

    June – Savanna acquires Greystone Drilling out of the United States.

    July – Accell Well Servicing, Great Plains Well Servicing, and Command Coil become Savanna Well Servicing.

    Sept – Savanna acquires D&D Oilfield Rentals and Cantool Industries.

  • 2007: Savanna pays first quarterly dividend

    March – Savanna declares dividend payment of $0.025 (Cdn) for shareholders.

    Ultraline wireline is sold to Halliburton for $208 million in cash.

    Savanna acquires Accell Well Services, Bear Steam, Northern Nakota Well Servicing, and Laredo Well Servicing.

    November – Sturgeon Lake First Nation becomes a new partner with Lakota Drilling in the ownership of a telescopic double drilling rig.

    December – Alexis Nakota Sioux Nation becomes a partner in ownership of service rigs.

  • 2006: Savanna merges with Western Lakota to expand depth rating and increase fleet size

    Savanna acquires Akuna Drilling, Command Coil and Lakota Drilling in merger.

    August – Alexander First Nation becomes partner in the ownership of a 3,600m tele-double drilling rig.

    December – Lakota Drilling forms partnerships with Heart Lake First Nation and Cold Lake First Nation.

    Western Lakota announces two year contract for drilling in West Texas and begins construction of two additional 3,600m telescopic doubles to operate in the Permian basin.

    Trailblazer Drilling deploys two CT-2200 Hybrid rigs to Weatherford, TX.

    Western Lakota deploys two telescopic doubles to Odessa, TX and opens field office.

  • 2005: Hybrid rig patented in Canada and the United States

    February – Canadian patent of Hybrid rig granted.

    Savanna now has approximately 1000 employees.

    April – Western Lakota announces acquisition of Hemsing Drilling Ltd. and six more double drilling rigs, growing its fleet of doubles to 30 by year end 2005.

    May – Western Lakota Energy Services begins trading on the TSX as the symbol WLE.

    June – Western Lakota acquires four pre-set/casing rigs from Becker Drilling.

    December – US patent of Hybrid rig granted.

    Savanna sets an industry record for wells drilled and meters drilled.

  • 2004: Savanna continues to expand fleet in the face of improving commodities markets

    May – Western Lakota announces construction of 14th double drilling rig.

    June – Western Lakota announces partner agreement with Blood Tribe.

    Over the entire year, twelve new drilling rigs, six wireline units, and two well servicing rigs were added to Savanna’s fleet.

    December – Savanna initiates construction of four new drilling rigs and one wireline unit.

  • 2003: SVY begins trading on the TSX

    March – Western Lakota begins construction of sixth rig

    August – Savanna shares close on the TSX at $5.40

    September – Western Lakota announces it will have 13 drilling rigs in operation by year end 2003

    Savanna has a total of 16 well services units, six coil tubing drilling rigs, and 22 wireline units.

    Savanna adds six more drilling rigs to the fleet throughout the year.

    Savanna exits 2003 with 10 drilling rigs but plans to double fleet by year end 2004.

    Savanna shares close on December 31, 2003 at $9.75.

  • 2002: Savanna spends $52 million dollars on cap ex

    Savanna spends 2002 building capital and preparing the company to go public

    Savanna begins running their Hybrid rig, a unit combining coil tubing with conventional pipe to offer two drilling capabilities in one.

    January – E-Tronics Inc. (Lakota Drilling) secures four year drilling contract for a third rig.

    April – Lakota Drilling establishes first of what eventually becomes an award winning Aboriginal partnership model with the Dene Tha’ with a 50/50 structured, two rig agreement.

    May – E-Tronics enters into a drilling rig operating arrangement with Metis Nation of Alberta.

    June – E-Tronics enters into a drilling rig operating arrangement with Saddle Lake First Nation.

    October – E-Tronics changes its name to Western Lakota Energy Services and operates a total of five drilling rigs, all in partnership with First Nations.

    Western Lakota Energy Services begins trading on the TSX with the symbol WLE.

  • 2001: incorporated as Savanna Energy Services Corp. March 22

    March – Great Plains Well Servicing incorporated with 12 units.

    July – Trailblazer Drilling incorporated with units in development.

    July – Ultraline Wireline incorporated with 16 units.

    Savanna acquires Combined Services well servicing.

    Raised $42 million in largest private placement of its kind in the energy service sector to date.

    Savanna has four employees.

    November – E-Tronics Inc., an energy technology company, purchases Lakota Drilling and two drilling rigs.